• Inner-city upstairs-downstairs apartment with income
• Freehold title in popular suburban shopping centre
• Recently strengthened to above 80% NBS
• Café tenant happy to extend existing lease
Dual income or live in the Napier City fringe and have some of Napier’s finest coffee right downstairs. Recently refurbished and strengthened building (to above 80% NBS) in the popular Marewa shopping centre, on the famous tree-lined Kennedy Road just 900m easy walk from the city, and onto the Marine Parade waterfront precinct.
Anchoring the shopping centre, downstairs offers a 115sqm retail space currently leased to local coffee institution Birdy’s Coffee House. In addition, amenities and two additional office/storage/retail spaces complete the floor. Secure rear access enters onto a leased carpark area from the service land at the rear of the centre.
Upstairs is a spacious and thoughtfully renovated two-bed residential apartment with dual pedestrian access either to the rear carpark, or via a stairway to Kennedy Road. Loft style windows provide exceptional natural light and a view through to Napier Hill and beyond.
Options meet convenience at this well-located multi-tenancy property. Whether an addition to your investment portfolio, home and income, Air BnB, or a city flat for your kids or parents, this opportunity is not to be overlooked.
